Buffett: The volatility in the past few months may be the most severe since World War II
ChainCatcher news, at the Berkshire shareholder meeting, Buffett stated that most of our businesses will report lower revenues this year compared to last year, all due to the economic downturn over the past six months.Buffett mentioned that the company has experienced a lot of fluctuations in the past few months, which may be the most severe since World War II. During World War II, we were unable to obtain goods and commodities, but this time the fluctuations come from a different source. They may have experienced excessive inventory in the past six months. This is not to say that it is caused by unemployment or employment rates, but the current economic environment has changed significantly over these six months, and many of our managers are quite surprised by this situation, wondering how there could suddenly be so much inventory that cannot be sold. Now we are slowly starting to see a recovery in sales. (source link)